Colony NorthStar, Inc. Announces Redemption of 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock
COLONY NORTHSTAR INC (CLNS)
Last colony northstar inc earnings: 5/10 06:30 am
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US:NYSE Investor Relations:
ir.clns.com
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Source: Business Wire
LOS ANGELES & NEW YORK--(BUSINESS WIRE)-- Colony NorthStar, Inc. (NYSE: CLNS) (“Colony NorthStar” or the “Company”), a leading global real estate and investment management firm, today announced that it intends to redeem all 5,000,000 outstanding shares of its 8.875% Series C Cumulative Redeemable Perpetual Preferred Stock (NYSE: CLNSPrC) (the “Series C Preferred Shares”) on October 13, 2017 (the “Redemption Date”). The redemption of the Series C Preferred Shares is contingent upon the closing of the Company’s offering of its 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, which offering was announced by the Company on September 13, 2017 and is anticipated to close on or about September 22, 2017. The Series C Preferred Shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) from Augu
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